ASIC has permanently banned former mortgage broker Queensland Driss Doukari from engaging in credit activities and from providing financial services after it was found he had engaged in conduct that was “false and misleading.”
An ASIC investigation found that in September 2011, Doukari, of Bundaberg, provided false documents to Suncorp-Metway Ltd in support of a home loan application in his own name. The documents included payslips and bank statements.
Based on the preceding conduct, ASIC says Doukari is “not a fit and proper person to engage in credit activities; and not of good fame and character to provide financial services.”
ASIC commissioner Peter Kell says Doukari’s conduct was not inadvertent or the result of a momentary lapse.
“It was dishonest conduct committed knowingly and deliberately. He failed to have regard to the principles applicable to a person engaging in credit activities and his conduct was aimed at gaining an advantage for himself and his friends.’
Doukari has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decisions.